There is a lot of buzz around the new Aptos token, but also lots of red flags from the very beginning.
Aptos claims to be a next-generation L0 Omni-chain (like Cosmos) that will be better than Solana in terms of tx speed and network resilience.
They started with 102 validators - none are community-run and all are monitored by Aptos Labs).
The community only has access to 51% of all tokens, which will be unlocked slower than the early investors and the Foundation/Labs.
Aptos Labs was created by former Diem aka FB/Meta employees and its tech is mostly based on Diem. Aptos Labs was hit with a lawsuit in May claiming Aptos' co-CEO Mo Shaikh deprived a partner of their rightful share. Aptos' lawyers are looking to have the case dismissed.
Aptos asked major exchanges not to list perpetual contracts within 2 weeks, but Binance announced that APTUSDT perpetual contracts will be listed on October 19th. Aptos is urgently persuading Binance to stop. More…
From what people were saying the vast majority of transactions were maintenance messages from validators instead of actual transactions
To me, it seems like a bad investment but as always DYOR before investing in anything.
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